Senate Bill No. 747, 16th Congress of the Republic

Long Title
AN ACT TO PROVIDE ADDITIONAL PROTECTION TO BUYERS OF REAL ESTATE ON INSTALLMENT PAYMENTS BY REQUIRING SUBDIVISION OR REAL ESTATE OWNERS TO HAVE AN INDIVIDUAL TITLE ON EVERY LOT AVAILABLE FIRST BEFORE OFFERING THE SAME FOR SALE, PROHIBITING ANY MORTGAGE, LIEN OR ENCUMBRANCE ON THE SAME, MAKING THE ANNOTATION ON THE TITLE OF THE CONTRACT TO SELL OR SALE MANDATORY, MAKING IT COMPULSORY FOR THE EXECUTION OF A DEED OF ABSOLUTE SALE AND THE DELIVERY OF THE TITLE TO THE BUYER UPON COMPLETION OF INSTALLMENT PAYMENTS, AND PROVIDING OTHER PROTECTIVE MEASURES, INCLUDING THE IMPOSITION OF PENALTY FOR VIOLATION THEREOF
Short Title
REALTY INSTALLMENT BUYER PROTECTION ACT
Date filed
July 15, 2013

Senate Bill No. 2073, 16th Congress of the Republic

Long Title
AN ACT FURTHER REGULATING SUBDIVISION LOTS AND CONDOMINIUMS BY REQUIRING OWNERS AND DEVELOPERS TO DISCLOSE THE DATE OF COMPLETION, DATE OF TURNOVER AND OTHER RELEVANT MILESTONES IN THE CONTRACT, AND BY REQUIRING THE OWNERS OR DEVELOPERS TO COMPLY WITH ITS OBLIGATION TO COMPLETE AND TURNOVER THE PROJECT WITHIN SUCH PERIOD AND FOR OTHER PURPOSES
Short Title
REQUIRING OWNERS AND DEVELOPERS OF SUBDIVISION LOTS AND CONDOMINIUMS TO DISCLOSE DATE OF COMPLETION
Date filed
January 20, 2014

Senate Bill No. 2428, 15th Congress of the Republic

Long Title
AN ACT TO PROVIDE ADDITIONAL PROTECTION TO BUYERS OF REAL ESTATE ON INSTALLMENT PAYMENTS BY REQUIRING SUBDIVISION OR REAL ESTATE OWNERS TO HAVE AN INDIVIDUAL TITLE ON EVERY LOT AVAILABLE FIRST BEFORE OFFERING THE SAME FOR SALE, PROHIBITING ANY MORTGAGE, LIEN OR ENCUMBRANCE ON THE SAME, MAKING THE ANNOTATION ON THE TITLE OF THE CONTRACT TO SELL OR SALE MANDATORY, MAKING IT COMPULSORY FOR THE EXECUTION OF A DEED OF ABSOLUTE SALE AND THE DELIVERY OF THE TITLE TO THE BUYER UPON COMPLETION OF INSTALLMENT PAYMENTS, AND PROVIDING OTHER PROTECTIVE MEASURES, INCLUDING THE IMPOSITION OF PENALTY FOR VIOLATION THEREOF
Short Title
REALTY INSTALLMENT BUYER PROTECTION ACT
Date filed
August 17, 2010

Senate Bill No. 757, 15th Congress of the Republic

Long Title
AN ACT TO PROVIDE ADDITIONAL PROTECTION TO BUYERS OF REAL ESTATE ON INSTALLMENT PAYMENTS BY REQUIRING SUBDIVISION OR REAL ESTATE OWNERS TO HAVE AN INDIVIDUAL TITLE ON EVERY LOT AVAILABLE FIRST BEFORE OFFERING THE SAME FOR SALE, PROHIBITING ANY MORTGAGE, LIEN OR ENCUMBRANCE ON THE SAME, MAKING THE ANNOTATION ON THE TITLE OF THE CONTRACT TO SELL OR SALE MANDATORY, MAKING IT COMPULSORY FOR THE EXECUTION OF A DEED OF ABSOLUTE SALE AND THE DELIVERY OF THE TITLE TO THE BUYER UPON COMPLETION OF INSTALLMENT PAYMENTS, AND PROVIDING OTHER PROTECTIVE MEASURES, INCLUDING THE IMPOSITION OF PENALTY FOR VIOLATION THEREOF
Short Title
REAL ESTATE
Date filed
July 7, 2010

Proposed Senate Resolution No. 467, 17th Congress

Long Title
RESOLUTION DIRECTING THE SENATE COMMITTEE ON URBAN PLANNING, HOUSING AND RESETTLEMENT TO CONDUCT AN INQUIRY, IN AID OF LEGISLATION, ON THE NUMEROUS REPORTS OF REAL ESTATE SUBDIVISION AND CONDOMINIUM BUYERS ON THE ALLEGED UNLAWFUL PRACTICES COMMITTED BY REAL ESTATE DEVELOPERS, OWNERS AND SELLERS AND THEIR FAILURE TO COMPLY WITH THE BALANCED HOUSING DEVELOPMENT PROGRAM